STOCKWATCH: China Unicom to rebound, short-term resistance at HK$13.4

China Unicom (0762) retreated amid the bearish market last week and finally gained support at the Bolliger¡¦s mid-band. Rebounding persistently this week, it closed higher in the past consecutive four days and sustained the momentum today, showing intention to try the HK$13.4 upper-band resistance. With RSI building multi-head signals in the strong zone, investors can continue to hold or absorb at low. The stock may soar to HK$15 once the resistance is successfully overcome. Supporting stance set at HK$12.35.

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